Middle East Economic Survey

VOL. LIII

No 3

18-Jan-2010

CASPIAN

Naftogaz Default Threat Warning By Ukraine Energy Official

Bohdan Sokolovskiy, National Energy Security Advisor to Ukraines President Viktor Yushchenko, told reporters in Kiev on 11 January that state gas firm Naftogaz Ukrainy is required to pay approximately $10bn to Russias Gazprom for gas imports in 2010. Yet he said that Ukraines budget deficit is expected to reach $4bn by year-end, adding that Ukraine expected to import only 32 bcm...